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Whale Watching – Noteworthy 13F Season Takeaways

Tuesday, 15 May 2012 | 7:50 PM ET

A slew of 13F filings flooded the Street after the bell on Tuesday revealing the latest trades from some of Wall Street’s biggest whales including Warren Buffett, David Einhorn and Dan Loeb among others

Following you'll find where these whales are putting money to work and what the Fast traders find most noteworthy.

Warren Buffett
- New stakes in GM, Viacom
- Increased stakes in Wal-Mart, Wells Fargo, Bank of NY Mellon, DirecTV
- Decreased Stakes in Intel, Kraft Foods, P&G, Dollar General

Trader Takeaway: "I own GM," says Tim Seymour, "and it’s been a painful trade. But at 5 ½ times valuation I think it’s a great value. However, I also think they're looking at a 2-year turnaround."

"At $22 the current valuation in GM is interesting," adds Guy Adami. "It's an attractive risk reward. I think the risk to the downside is $20 but the upside potential is $28."

  Price   Change %Change
DG
---
DTV
---
GM
---
INTC
---
MDLZ
---
PG
---
VIAB
---
WFC
---
WMT
---

David Einhorn
- New stakes in Expedia, Computer Sciences
- Cuts stakes in CBS, Dell, GM, Microsoft
- Eliminated stakes in Yahoo, First Solar

Trader Takeaway: "At $35 I thought CBS was toppy," says Guy Adami. "There will be a point to get back into CBS but we’re not there yet. "

  Price   Change %Change
CBS
---
CSC
---
DELL
---
EXPE
---
FSLR
---
GM
---
MSFT
---
YHOO
---

Dan Loeb
- Increased stakes in Yahoo, Sara Lee
- Added to Stakes in Cisco Systems, Apple
- Cut stake in Goldman Sachs

Trader Takeaway: "His stake in Apple is interesting," says Karen Finerman. Between January and March Apple marched significantly higher, yet Loeb was a buyer.

  Price   Change %Change
VOW3
---
CSCO
---
GS
---
YHOO
---
Word on the Street
Dissecting the day's major business news, including JC Penney earnings, 13-F filings for Warren Buffett's Berkshire Hathaway and Greenlight Capital, with the Fast Money traders.

Posted by CNBC's Lee Brodie




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Trader disclosure: On May 15, 2012 , the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Tim Seymour is long BAC; Tim Seymour is long SBUX; Tim Seymour is long FCX; e Terranova is long VRTS; Joe Terranova is long MCD; Joe Terranova is long SBUX; Joe Terranova is long UPL; Joe Terranova is long LQD; Joe Terranova is long HPQ; Joe Terranova is long SNDK; Joe Terranova is long NFLX; Joe Terranova is long SJM; y Adami is long C; Guy Adami is long GS; Guy Adami is long INTC; Guy Adami is long AGU; Guy Adami is long MSFT; Guy Adami is long NUE; Guy Adami is long BTU; Karen Finerman is short AAPL; Karen Finerman is long BAC; Karen Finerman is long JPM; Karen Finerman is long WMT; Karen Finerman is long TGT; Karen Finerman is long RIMM; Karen Finerman is long HPQ; Karen Finerman is long GRPN put spread; Karen Finerman is short SPY; Karen Finerman is short IWM; Karen Finerman is short MDX

For Jeff Klinefelter
Piper Jaffray usually provides bids and offers for the securities of J. C. Penney Company, Inc. and will, from time to time, buy and sell J. C. Penney Company, Inc. securities on a principal basis.

CNBC.com with wires.

  Price   Change %Change
CBS
---
GM
---
FSLR
---
YHOO
---
4331
---
EXPE
---
PG
---
MDLZ
---
INTC
---
DTV
---
WFC
---
WMT
---
VIAB
---
AAPL
---

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  • Finerman is president of Metropolitan Capital Advisors, Inc., a company she co-founded.

  • Founder of EmergingMoney.com

  • Chief Market Strategist for Virtus Investment Partners & CNBC Contributor

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